Regulatory Alerts2011-12-19
Notice No. 17/2011 of December 19
The National Bank of Angola issued Notice No. 17/2011 to regulate the establishment and operation of leasing companies, mandating a fully paid-up social capital of Kz 50 million and detailing comprehensive authorization requirements including shareholder identification, technical capacity verification, and a three-year business plan. The regulation specifies capital realization timelines, permissible funding sources, corporate governance standards, and the Bank's inspection and waiver powers. It enters into force thirty days after publication, providing a clear legal framework for financial leasing activities in Angola.
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